5918 Devington RD, Indianapolis, IN 46226
5918 Devington RD, Indianapolis, IN 46226
5918 Devington RD, Indianapolis, IN 46226
5918 Devington RD, Indianapolis, IN 46226
5918 Devington RD, Indianapolis, IN 46226
5918 Devington RD, Indianapolis, IN 46226
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Juliana Lima

Juliana Lima

+1(407) 968-5551
Listed by Jordan Herman • Encore Sotheby's International
$ 2,740,000
Est. payment | /mo

41,124 SqFt

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$ 2,740,000
Est. payment | /mo
Save Virtual Tour

41,124 SqFt

Key Details

Property Type Other Types

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 41,124 sqft

Price per Sqft $66

MLS Listing ID 22096856

Tax Year 2025

Lot Size 4.240 Acres

Acres 4.24

Property Sub-Type Multi Family

Property Description

Rare opportunity to acquire a professionally managed, income-producing multi-family portfolio on Indianapolis' east side. The Devington Acres Portfolio comprises 8 buildings and 37 residential units, offering an investor immediate scale, built-in diversification, and operational efficiency from day one. Featuring a mix of predominantly two-bedroom units and some one-bedroom units, generating strong gross scheduled rent across the portfolio. Units are well-maintained with ongoing updates, making this a true turnkey acquisition. Located in a well-established neighborhood with consistent rental demand at attainable price points, the portfolio includes private parking, on-site and in-unit laundry across various buildings, garage income at select properties, and utility reimbursement structures that help offset owner-paid expenses. Whether you're an experienced portfolio investor or looking to scale quickly, Devington Acres delivers the infrastructure, cash flow, and professional oversight to support your goals from closing day forward. Offered as one complete investment package. Financials and due diligence materials available upon request.

Location

State IN

County Marion

Zoning ZO01

Rooms

Basement Partially Finished

Interior

Heating Baseboard, Electric, Hot Water

Cooling Central Air, Wall Unit(s), Window Unit(s)

Equipment Smoke Alarm

Fireplace N

Exterior

Garage Spaces 4.0

Utilities Available Cable Available, Electricity Connected, Sep Electric Meter, Sep Gas Meter, See Remarks

Building

Story 2

New Construction false

Schools

School District Msd Lawrence Township

Others

Virtual Tour https://bcove.video/4tG2bu9

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

Nearby Locations

Juliana Lima

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(407) 968-5551

julianalimarealestate@gmail.com

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5918 Devington RD